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  • CL-2.6 CL-2.6 Record-Keeping

    • CL-2.6.1

      An investment firm licensee must ensure that proper records of the custody assets which it holds or receives, or arranges for another to hold or receive, on behalf of the client, are made and retained for a period of ten years after the account is closed.

      Amended: April 2008

    • CL-2.6.2

      For the purpose specified in CL-2.6.1, an investment firm licensee must maintain proper records in relation to a client account; these records must capture at a minimum the following details:

      (a) The name of the account;
      (b) The account number;
      (c) Type of account;
      (d) Type of asset;
      (e) The location of the account;
      (f) Whether the account is currently open or closed;
      (g) Details of assets held and movements in each account; and
      (h) The date of opening and where applicable, closure.
      Amended: January 2007

    • CL-2.6.3

      Detailed record-keeping requirements are contained in Module GR (General Requirements) and Module FC (Financial Crime).